Jwalker
Sophomore Member
- Joined
- Sep 11, 2017
- Professional Status
- Certified General Appraiser
- State
- Texas
I did pass on my second attempt. But only because I looked to others who took it recently and studied outside sources. The courses McKissock offered were good classes. But lots of info on the test was NEVER covered in the classes. Especially the income approach class. Seemed like every question on Income Approach dealt with Yield Rates, Mortgage Equity Calculations, Mortgages with Balloon Payments, and one question on calculating the cash equivalency of a contract with owner financing vs offer which is cash to seller.
There were 20 questions total on Income Approach so it's one of the bigger portions.
A few other minor questions on the exam had me scratching my head, but mainly because each one is intentionally misleading which is annoying.
I wish there was better material to study for the exam. The practice questions from the state had the answers provided, but no explanation as to why that was the correct answer.
There were 20 questions total on Income Approach so it's one of the bigger portions.
A few other minor questions on the exam had me scratching my head, but mainly because each one is intentionally misleading which is annoying.
I wish there was better material to study for the exam. The practice questions from the state had the answers provided, but no explanation as to why that was the correct answer.